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E-Malt.com Newsletter 05a
January 26 - January 28, 2026
Quote of the Week
If you fell down yesterday, stand up today.
H. G. Wells
Currency Rates
Base Currency: US Dollar
on January 28, 2026 |
Base Currency: Canadian Dollar
on January 28, 2026 |
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1 USD = 0.8383 EUR
1 USD = 0.7280 GBP
1 USD = 1.3669 CAD
1 USD = 1.4393 AUD
1 USD = 153.5870 JPY
1 USD = 5.2487 BRL
1 USD = 76.4598 RUB
1 USD = 6.9547 CNY
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1 CAD = 0.7315 USD
1 CAD = 0.5326 GBP
1 CAD = 0.6132 EUR
1 CAD = 1.0529 AUD
1 CAD = 112.3450 JPY
1 CAD = 3.8393 BRL
1 CAD = 55.9286 RUB
1 CAD = 5.0872 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada: Barley crop expected to fall back to 9 mln tonnes in 2026
...Click here
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USA, IL: Fenton Brewing Co. planning to open at different site in downtown Mundelein
...Click here
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USA, IL: Alarmist Brewing to close after nearly eleven years in business
...Click here
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USA, VA: Heritage Brewing Co. announces pending closure
...Click here
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USA, TX: 5×5 Brewing Co. to end operations at the end of February
...Click here
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UK: Brewery closures increase dramatically during 2025
...Click here
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France: French barley prices continue to be mainly influenced by feed complex
...Click here
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Germany: Another mid-sized German brewery falls into insolvency
...Click here
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Australia: Falling beer consumption also hurst barley farmers
...Click here
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South Africa: Beer industry warns above-inflation excise hike could threaten jobs
...Click here
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EU & India: Imported beer, wine to get cheaper in India thanks to proposed free trade agreement with the EU
...Click here
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South Korea: Craft beer industry on the brink of a wave of bankruptcies
...Click here
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The Czech Republic & Panama: Kofola ČeskoSlovensko increases share in Panama-headquartered brewer Alta Fermentación
...Click here
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Graph of the Week
Table of the Week
China Hops Area and Production 2018-2025s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
26 January
1871 - US income tax repealed
1886 - Karl Benz patents 1st auto with burning motor
1921 - Akio Morita, the co-founder of Sony Corp., is born in Nagoya, Japan
27 January
1880 - Thomas Edison patents electric incandescent lamp
1888 - National Geographic Society organizes
1926 - 1st public demonstration of television by John L Baird, London
2006 - Western Union discontinues its Telegram and Commercial Messaging services
28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million
Agenda
February 2026:
05 - 06: Glug Swiss 2026 (Alte Reithalle, Aarau, Switzerland)
13 - 16: HoReCa 2026 (Athens, Greece)
15 - 17: BBTech Expo 2026 (Rimini, Italy)
23 - 23: Beer Experience 2026 (Antwerp, Belgium)
27 - 01 March: Finest Spirits 2026 (Munich, Germany)
March 2026:
04 - 07: Festival Brasileiro da Cerveja 2026 (Blumenau, Brazil)
15 - 17: Planete Biere Marseille 2026 (Marseille, France)
18 - 19: BeerX 2026 (Liverpool, UK)
20 - 22: St Malo Craft Beer Expo 2026 (St Malo, France)
24 - 26: 110th International Brewing & Engineering Conference 2026 (Erding, Germany)
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
26 - 28: Warsaw Beer Festival 2026 (Warsaw, Poland)
April 2026:
07 - 09: Craft Beer China 2026 (Shanghai, China)
10 - 11: InnBrew 2026 (Barcelona, Spain)
10 - 12: Barcelona Beer Festival 2026 (Barcelona, Spain)
16 - 18: KIBEX 2026 (Seoul, South Korea)
20 - 22: Craft Brewers Conference & BrewExpo America 2026 (Philadelphia, USA)
22 - 22: World Beer Cup 2026 (Pennsylvania Convention Center, Philadelphia, USA)
22 - 22: World Beer Cup 2026 (Pennsylvania Convention Center, Philadelphia, USA)
28 - 30: 28th Annual International Beer and Cider Strategies 2026 (InterContinental Barcelona, Spain)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
04 - 10: Budapest Beer Week 2026 (Budapest, Hungary)
19 - 21: Expo Antad & Alimentaria Mexico 2026 (Expo Guadalajara, Jalisco, Mexico)
29 - 30: Copenhagen Beer Festival 2026 (Copenhagen, Denmark)
29 - 30: Tallinn Craft Beer Weekend 2026 (Tallinn, Estonia)
June 2026:
08 - 10: Brewing Conference Bangkok 2026 (Muang Thong Thani, Impact Challenger Hall, Jupiter 4-5, Bangkok, Thailand)
09 - 10: IGC Grains Conference 2026 (2 Savoy Place, London, UK)
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
17 - 18: Global Beer Summit 2026 (Brussels, Belgium)
July 2026:
17 - 18: London Craft Beer Festival 2026 (London, UK)
August 2026:
06 - 08: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2026 (799 Nguyen Van Linh Street, Tan My Ward, Ho Chi Minh City, Vietnam)
21 - 22: Beervana 2026 (Wellington, New Zealand)
September 2026:
12 - 13: Bruges Beer Festival 2026 (Bruges, Belgium)
19 - 04 October: Oktoberfest 2026 (Munich, Germany)
24 - 27: Mondial de la Biere 2026 (Montreal, Canada)
26 - 28: Whisky Live Paris 2026 (Paris, France)
October 2026:
08 - 10: The Great American Beer Festival 2026 (Denver, USA)
15 - 16: Salon du Brasseur 2026 (Parc Expo Nancy, France)
23 - 25: Stockholm Beer & Whisky Festival 2026 (Stockholm, Sweden)
28 - 29: Brew Asia 2026 (Ho Chi Minh City, Vietnam)
31 - 03 November: Planete Biere Rennes 2026 (Rennes, France)
November 2026:
10 - 12: Brau Beviale 2026 (Nuremberg, Germany)
23 - 25: 16th Iberoamerican VLB Symposium Brewing & Filling Technology (Panama)
News Articles
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Canada: Barley crop expected to fall back to 9 mln tonnes in 2026
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Canada’s barley crop’25 surprised many at 9.7 mln tonnes, and a fall back to 9.0 mln tonnes is forecast for crop’26, RMI Analytics said
...More info on site
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USA, IL: Fenton Brewing Co. planning to open at different site in downtown Mundelein
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Entrepreneurs who intended to open a craft brewery and restaurant in downtown Mundelein now are focusing on a different location a few blocks away.
In June 2024, Fenton Brewing Co. was proposed for a former municipal building at 428 N. Chicago Ave. A limited liability company purchased the building from the village for that purpose.
But Tonality Brewing Co. & Scratch Kitchen’s closure last year created a vacancy at 169 N. Seymour Ave., and that’s where the Fenton Brewing folks plan to open now.
The sites are about a half-mile apart.
“Tonality had a unique set up much better suited for Fenton’s to get up and running sooner,” Mayor Robin Meier said in an email Tuesday.
The Seymour Avenue building is a two-story, brick structure that was built in the 1940s as a fire station. According to local lore, the firehouse was built by the firefighters themselves.
It served in that role for decades before being converted into a public works maintenance garage. The village vacated the site in 2020, and Tonality opened in late 2023.
The Chicago Avenue building was being used by a public tool library until the Fenton Brewing team bought it. Despite making some initial improvements, however, the Fenton Brewing team never opened
...More info on site
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USA, IL: Alarmist Brewing to close after nearly eleven years in business
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After nearly eleven years in business, Alarmist Brewing will be closing its doors this weekend. It's just the latest blow to the beer business in the Chicago area and part of a national trend.
FOX Chicago’s Dane Placko reports there are a number of reasons craft beer has hit the brakes.
"I put my heart and soul into this place. It's not just a business. I put everything I know into this place," said Gary Gulley, owner of Alarmist. "Yeah it hurts. It hurts bad."
Gulley is a Chicago craft beer pioneer. In 2015, he opened Alarmist on Peterson Avenue and then things really took off when the brewery won a national gold medal for its signature hazy brew, Le Jus.
"That changed everything for us. 2018, 2019 we couldn't make it fast enough. We brought in more fermenters just for that," Gulley said.
But then COVID hit, tastes began to change, and things were never the same.
"We were down anywhere from ten percent to 20 percent at any given moment. And for a small business like us, that's the difference between breaking even or profit or not," Gulley said. "It was very tough. I probably cried more in the last month than I have
...More info on site
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USA, VA: Heritage Brewing Co. announces pending closure
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It’s time to pour one out for Heritage Brewing Co. The Manassas brewery announced its pending closure over the weekend, the Northern Virginia Magazine reported on January 27.
The veteran-owned-and-operated microbrewery first opened in 2013. Over the past 12 years, Heritage Brewing has grown its operation from producing 12 varieties of beer to over 400 different beers. The company has even been awarded numerous regional, state, and national awards for its beers.
“For over a decade, we’ve poured our souls into every batch, turning simple ingredients into stories shared over laughter, celebrations, and conversations in our taproom,” said the brewery in a Facebook post. “You’ve been more than customers – you’ve been our community, our inspirations, and the reason we kept brewing through thick and thin.”
While there’s no official closing date yet, the brewery is encouraging fans to come down for one glass. Heritage Brewing is open daily; hours vary daily.
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USA, TX: 5×5 Brewing Co. to end operations at the end of February
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A popular Mission brewery announced on January 27 it will close and end operations at the end of February, the Brownsville Herald reported.
5×5 Brewing Co. made the announcement on its Facebook page, where various people are mourning the news of the upcoming closure.
“Didn’t see this coming,” read one comment.
The brewery will officially shutter its taproom Feb. 28, but not before one final hurrah on Valentine’s Day when the business will host a Rockability Rumble.
5×5 Brewing Co. continued to say the decision was not taken lightly, adding that every option to keep operations going had been exhausted.
“Over the past several months, we’ve worked through every possible path forward including restructuring, renegotiating obligations, and exploring new partnership options,” the brewery said. “Unfortunately, due to structure changes and financial obligations 5×5 is no longer able to operate as a sustainable business.”
The brewery frequently hosted local events such as the annual BeerStone strongman event as well as concocted Valley-specific beers like “Tlacuaches Trokiando Cuh” and the UTRGV blood orange kölsch style ale “Los Vaqueros.”
“While this chapter is ending, the memories, friendships, and community we built here don’t disappear,” 5×5 Brewing Co. said. “They live on in every story told over a
...More info on site
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UK: Brewery closures increase dramatically during 2025
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Brewery closure rates increased “dramatically” during 2025 and saw a 37% spike compared to 2024, according to new data from UK’s Society of Independent
...More info on site
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France: French barley prices continue to be mainly influenced by feed complex
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The main influence for French barley prices continues to come mainly from the feed complex, with malting barley struggling to keep pace and maintain
...More info on site
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Germany: Another mid-sized German brewery falls into insolvency
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Germany’s brewing industry is facing another setback as yet another significant midsized brewery has run into serious financial difficulty. The plan insolvency of Brauhaus
...More info on site
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Australia: Falling beer consumption also hurst barley farmers
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CommBank agriculture and sustainability economist Dennis Voznesenski said globally falling beer consumption did not just impact beer companies, Newsreel reported on January 27.
It also impacted farmers who produced barley, which plays a vital role in beer production.
A report, released by CommBank this week, said September quarter 2025 data showed global beer sales volumes declined over the past year, with the largest falls recorded in the United States and Europe.
“Asia has held up better, but overall demand has weakened,” the report said.
“Shifts in alcohol preferences are part of the story, but economic conditions are also playing a role.”
CommBank economists are forecasting global economic growth of 2.7 percent in 2026, down from the historical average of about 3.7 percent.
“That’s a full percentage point lower than what we’re used to,” Mr Voznesenski said. “So if we’re not drinking because economic times are tough, this year might not be much different.”
“When beer demand falls, that barley needs to find another home,” he said. “If you’re not making beer out of it, you feed it to animals.”
Domestic feed demand for barley is expected to be reduced this year due to new Chinese quotas on Australian beef exports. Less beef demand from China could reduce
...More info on site
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South Africa: Beer industry warns above-inflation excise hike could threaten jobs
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As South Africans await the 2026 budget next month, the beer industry is warning that another above-inflation excise hike could strain small brewers, jeopardise thousands of jobs, and push consumers toward the illicit alcohol market, MSN reported on January 24.
This comes as Minister of Finance Enoch Godongwana is set to table the 2026 budget on February 25, 2026. The association said repeated above-inflation excise increases have already squeezed margins, limited investment, and placed small brewers under serious financial pressure.
Last year, the government raised beer excise by 6.75%. The association has called on the National Treasury to implement a predictable, CPI-linked excise framework that would give brewers certainty and protect jobs.
"The reality is that beer companies — large and small — already carry a double tax burden: corporate income tax and excise duty. While government may argue that excise is meant to influence consumption, the data shows a more troubling outcome".
"Beer is largely consumed by middle- and lower-income South Africans who are already under severe financial pressure. Continued price increases on legal beer do not meaningfully curb consumption — they simply shift demand toward cheaper, unregulated, and unsafe alternatives".
South Africa's beer industry supports an estimated 210,000 jobs and contributed roughly R98
...More info on site
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EU & India: Imported beer, wine to get cheaper in India thanks to proposed free trade agreement with the EU
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Imported beer, wine and spirits are set to become significantly cheaper once the proposed free trade agreement (FTA) between India and the European Union comes into force, with steep cuts planned in existing import duties, News18 reported on January 27.
At present, wine and spirits attract a tariff of 150%, while beer faces an import duty of 110%. Under the FTA, these duties will be reduced to 40% on alcohol and 50% on beer. Officials said the reduction in duties on wine and spirits will be phased in over a few years. For instance, the import tax on wine is expected to fall from 150% to 75% in the first year, before being gradually brought down to the agreed minimum level.
The European Union, comprising 27 countries, is among the world’s largest producers of alcoholic beverages. European brands enjoy strong aspirational value among the urban middle class, but high prices have so far restricted their reach. Popular imported beers sold in India include Dutch brand Heineken, Belgian labels Stella Artois and Leffe, Germany’s Warsteiner, Denmark’s Carlsberg and Ireland’s Guinness.
Trade data show that India imported spirits worth $64.9 million from the EU in 2023–24, a figure that industry experts expect to rise sharply
...More info on site
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South Korea: Craft beer industry on the brink of a wave of bankruptcies
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Korea's craft beer industry is on the brink of a wave of bankruptcies due to management woes. As alcohol consumption trends have shifted in recent years and demand for craft beer has decreased, collaborations with conglomerates and convenience stores and low-price competition have overlapped, adding to the expense burden, Chosunbiz reported on January 28.
According to the industry on the 28th, Amazing Brewing Company, once one of the leading breweries in Korea's craft beer market, is expected to go through bankruptcy proceedings. The company entered rehabilitation proceedings in Aug. last year but failed to find a suitable buyer and ultimately did not submit a rehabilitation plan within the deadline.
Earlier, on the 14th of last month, Amazing Brewing Company ended operations at its Seongsu-dong location, which served as both a brewery and a pub. Opened in 2016 as Amazing Brewing Company's first brewpub, the Seongsu location was called an "urban brewery" and was regarded as a symbolic space among craft beer enthusiasts.
Riding the craft beer boom, Amazing Brewing Company expanded its scale and even pursued an initial public offering (IPO), but as growth slowed, it eventually scrapped the plan. The company posted losses for two consecutive years starting in 2023. Its net
...More info on site
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Ireland: Heineken to hike draught beer prices
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Heineken is to increase what it charges Ireland’s publicans for its draught beer products from next month, RTE reported on January 27.
The price hike will be applied across the company's range, which includes Heineken, Heineken 0.0, Coors, Tiger, Birra Moretti, Murphy's, Orchard Thieves and Beamish.
The average 3.1% increase will see the cost per pint, at a wholesale level, rise by between 6c and 7c, depending on the brand.
The changes will take effect from 16 February.
Heineken Ireland said its business "continues to face cost increases."
In a statement, a spokesperson said while the company is "committed to finding and acting on ways to reduce those costs, we unfortunately need to amend our pricing".
"A blended 3.1% increase will take effect from 16 February 2026 across our draught product range," the statement said.
It added: "As strong supporters of the on-trade market we will continue to invest in a range of supports that meet customer and consumer needs."
In a letter to publicans, seen by RTÉ News, Heineken said any deliveries made on or after the date "will be charged at the new prices".
"As an independent business, the price at which you choose to resell our products to customers is entirely at your discretion," the letter
...More info on site
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The Czech Republic & Panama: Kofola ČeskoSlovensko increases share in Panama-headquartered brewer Alta Fermentación
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Czech soft drinks player Kofola ČeskoSlovensko has raised the size of its stake in Latin American drinks business Alta Fermentación, Investing.com reported on January 26.
In a statement to investors, the company said it would be increasing its share in the Panama-headquartered brewer and distiller by 10%, giving it a 49% holding in the company. Financial terms were not disclosed.
Alta Fermentación manages three microbreweries: The Pub SAS, Cervecería La Rana Dorada in Panama and Cerveceria Sinners in Ecuador.
The Pub SAS business produces the Pola del Pub and Germania beer brands in Bogotá and also runs a chain of 13 El Irish pubs in the city.
Alta Fermentación also owns the Panama-based rum distiller Pedro Mandinga. Its range includes silver, spiced and blended rums, as well as flavoured liqueurs.
The group also also operates the Colombian coffee roaster Colo Coffee which sells coffee under the Colo brand and runs nine cafes in Bogotá.
Kofola said Alta Fermentación is expected to book over $20m in sales and more than $4m in EBITDA in 2025.
In a separate statement, Jannis Samaras, the CEO of the Kofola Group, said: “Coffee originally introduced us to Latin America. It was important for us to obtain quality beans for our coffee brands,
...More info on site
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